(Interview) State Bank Of India Clerk Interview Questions 2010

* You need to
talk about Banking – what the interviewer seeks for is a person
who is flexible to be along with the given timings, someone who
can cope up with writing bits and bobs or a person who can
benefit them with more development .Your answer can have
following bulleted points.

Banking is a fast changing environment

Retail banking is now very competitive –
from telephone banking, retailers and etc Banking is thus
now largely sales driven.

# You can
even talk about IT getting changes and clearing banks offers a
wide range of career opportunities for graduates – not just in
branch banking but also in financial services, consultancy and
corporate banking.

Have you applied to any other areas
apart from banking?

Here off course your answer will hold some other finance or
sales and marketing careers – insurance or accountancy,
altogether these careers should have skills related to banking.

How do you feel about committing
yourself to another three years of exams?

The professional examinations that you will almost certainly be
required to take as part of your training are not always
difficult in themselves, but do require determination and focus-
especially as much of your study will be done in the evenings
after a hard days work.

You should also be aware of the range of
qualifications open to you – many of the large clearing banks
offer the opportunity to gain qualifications in marketing,
personnel or accountancy – not just banking.

Tell me about an experience in which
you had to use tact?
Tact and diplomacy are important qualities in retail banking –
the customer is (almost!) always right. You may have to tell an
account holder diplomatically why they can’t have a loan for
example, without provoking them into moving their account
elsewhere.
To answer this type of question, think through everything you
have done in the last five years – school, university, sports,
clubs, societies, travel, vacation jobs etc. and try to think of
situations where you had to demonstrate this and other qualities
– do this before your interview.
If you have completed a number of employer application forms,
then you should already have done this as this type of question
is now common on application forms.

Who are our major competitors and
what differences do you notice in our products?
The company will be expecting that you have done your research
on the industry generally. You should be familiar with the
bank’s products and services – literature on these can be picked
up at any branch. Read the banks brochures and annual reports –
these may be in the careers information room.

Be aware of current trends in the
market and try to find out what each bank is doing in these
areas.

What is SLR?Every bank is required to maintain at the close of
business every day, a minimum proportion of their Net Demand and
Time Liabilities as liquid assets in the form of cash, gold and
un-encumbered approved securities. The ratio of liquid assets to
demand and time liabilities is known as Statutory Liquidity
Ratio (SLR). Present SLR is 24%. (reduced w.e.f. 8/11/208, from
earlier 25%) RBI is empowered to increase this ratio up to 40%.
An increase in SLR also restrict the bank’s leverage position to
pump more money into the economy.

What is SLR ? (For Non Bankers)
SLR stands for Statutory Liquidity Ratio. This term is used by
bankers and indicates the minimum percentage of deposits that
the bank has to maintain in form of gold, cash or other approved
securities. Thus, we can say that it is ratio of cash and some
other approved to liabilities (deposits) It regulates the credit
growth in India.

What are Repo rate and Reverse Repo
rate?
Repo (Repurchase) rate is the rate at which the RBI lends
shot-term money to the banks. When the repo rate increases
borrowing from RBI becomes more expensive. Therefore, we can say
that in case, RBI wants to make it more expensive for the banks
to borrow money, it increases the repo rate; similarly, if it
wants to make it cheaper for banks to borrow money, it reduces
the repo rate

What are Repo rate and Reverse Repo
rate?
Repo (Repurchase) rate is the rate at which the RBI lends
shot-term money to the banks. When the repo rate increases
borrowing from RBI becomes more expensive. Therefore, we can say
that in case, RBI wants to make it more expensive for the banks
to borrow money, it increases the repo rate; similarly, if it
wants to make it cheaper for banks to borrow money, it reduces
the repo rate

Thus, we can conclude that Repo Rate
signifies the rate at which liquidity is injected in the banking
system by RBI, whereas Reverse repo rate signifies the rate at
which the central bank absorbs liquidity from the banks.

Comments

I did b.sc math & belong to kanpur. My hobby is collecting coins & making cartoons, blogging...
i porepared for MBA entrance but due to too much financial problem was not able to take admission & than on my father suggestion i started preparation for banking
Please tell how to prepare.

Plz help abt these ques

1 - When you are a science side student than why do you want to join bank? What is the use of physics , math or electronics here which are your subjects of graduation?